NR is outFederal Minister Approves Tamerlane's Pine Point Project
BLAINE, WA, May 14, 2008 (Canada NewsWire via COMTEX News Network) --
Minister agrees to bypass environmental impact review phase
TamerlaneVentures Inc. (TAM: TSX-V) announced today that the Federal Minister ofIndian and Northern Affairs Development approved Tamerlane'sapplication for land and water use permits for the Pine Point Project.
Inhis letter (dated May 13, 2008) to the Mackenzie Valley EnvironmentalImpact Review Board (MVEIRB), the Minister agreed with MVEIRB'sFebruary 22, 2008 recommendation in favor of Tamerlane's applicationstating, "Indian Northern Affairs Canada and the other ResponsibleMinisters are in agreement not to order an environmental impact reviewfor the Tamerlane Ventures Inc.'s Pine Point Pilot Project." The letterfurther stated, "We support the Mackenzie Valley Environmental ImpactReview Board's determination regarding the proposed development as setout in its Report of Environmental Assessment and Reasons for Decision,dated February 22, 2008."
As a result of the Minister'sapproval, Tamerlane's application for land and water use permits willproceed to the routine regulatory phase, where the applications will bereviewed by the Mackenzie Valley Land and Water Board (MVLWB).Tamerlane will begin construction and development immediately followingregulatory approval and receipt of the necessary permits.
RossBurns, President & CEO, said: "We are very pleased with theMinister's decision, and we look forward to an expeditious process inmoving this project into construction. The Company will continue towork closely with local communities, regulatory officials and otherstakeholders as the Pine Point project continues toward production."
"Ross F. Burns"
President & CEO
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release.
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Thispress release contains forward-looking information within the meaningof applicable securities laws. We use words such as "may", "will","should", "anticipate", "plan", "expect", "believe", "estimate" andsimilar terminology to identify forward-looking information. It isbased on assumptions, estimates, opinions and analysis made bymanagement in light of its experience, current conditions and itsexpectations of future developments as well as other factors which itbelieves to be reasonable and relevant. Forward-looking informationinvolves known and unknown risks, uncertainties and other factors thatmay cause our actual results to differ materially from those expressedor implied in the forward-looking statements and accordingly, readersshould not place undue reliance on those statements. Risks anduncertainties that may cause actual results to vary include but are notlimited to the speculative nature of mineral exploration anddevelopment, including the uncertainty of reserve and resourceestimates; operational and technical difficulties; the availability tothe Company of suitable financing alternatives; fluctuations in zinc,lead and other resource prices; changes to and compliance withapplicable laws and regulations, including environmental laws andobtaining requisite permits; political, economic and other risksarising from our activities; fluctuations in foreign exchange rates; aswell as other risks and uncertainties which are more fully described inour annual and quarterly Management's Discussion and Analysis and inother filings made by us with Canadian securities regulatoryauthorities and available at www.sedar.com.
SOURCE: Tamerlane Ventures Inc.
BrentJones, Manager of Investor Relations, E-mail:bjones@tamerlaneventures.com, Phone: (360) 332-4653, Fax: (360)332-4652, Website: www.tamerlaneventures.com
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